Journal of Entrepreneurship & Management

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Review of Ease of Doing Business for New Age Entrepreneurs in India


Affiliations
1 School of Business and Law, Navrachana University, Vadodara, Gujarat, India
2 School of Business and Law, Navrachana Univerisity, Vadodara, Gujarat, India
     

   Subscribe/Renew Journal


Empowering people to become the master of their own destiny is one of the most powerful tools of economic growth and development. Thus, entrepreneurs are said to be the key drivers of the economic engine. Entrepreneurs innovate and create opportunity, jobs, wealth, and prosperity for many. According to an estimate, new age entrepreneurs account for 20% of gross job creation in the United States (Kauffman Foundation, 2015). In addition to job creation, new businesses bring economic dynamism by spurring innovation and injecting competition.The conducive environment that facilitates people to start their own business provides a big spark to the economic development. The factors that contribute to the success of entrepreneurs around the world include access to the human, financial, and professional resources along with host of encouraging government policies (Babson College Website, 2016). An efficient economy should ideally provide transparent and favourable regulatory environment for the creation and growth of business enterprises.

The present paper reviews important measures and policies undertaken by the Government of India under the realm of 'Ease of Doing Business'. These policies are reviewed in the backdrop of India's performance in the Doing Business Index, 2017.


Keywords

Entrepreneurship, Doing Business Index, Ease of Doing Business.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Ani, T. G. (2015, December). Effect of ease of doing business to economic growth among selected countries in Asia. Asia Pacific Journal of Multidisciplinary Research, 3(5), 139-145. Retrieved August 2016.

  • Babson College Website. (2016). Driving economic growth through entrepreneurship ecosystem. Retrieved August 2016, from http://www.babson. edu/executive-education/open-enrollment-programs/ driving-economic-growth/Pages/home.aspx

  • Chitravanshi, R. (2016, July). Uttarakhand a surprise leader in ease of doing business rankings . Economic Times. Retrieved August 2016, from http://economictimes. indiatimes.com/news/economy/policy/uttarakhand-a-surprise-leader-in-ease-of-doingbusinessrankings/articleshow/53107607.cms

  • DIPP. (2015, December). Ease of Doing Buisness: DIPP. Retrieved August 2016, from Department of Industrial Policy and Promotion: http://dipp.nic.in/English/Investor/Ease_DoingBusiness/EoDB_ Intiatives_11December2015.pdf

  • DIPP. (2016, June). Ease of Doing Buisness:DIPP. Retrieved August 2016, from Department of Industrial Policy and Promotion: http://dipp.nic. in/English/Investor/Ease_DoingBusiness/EODB_ Initiatives_07Jun2016.pdf

  • DRSC on Commerce. (2015). Department Related Parliamentary Standing Committe on Commerce. Press release. Retrieved August 2016, from http://164.100.47.5/newcommittee/press_release/Press/Committee%20on%20Commerce/Press%20 Release%20English.pdf

  • Economic Times. (2016, February). Government to improve ease of doing business; to introduce Business Identification Number for companies. Retrieved August 2016, from http://economictimes.indiatimes.

  • com/news/economy/policy/governmentto-improve-ease-of-doing-business-to-introducebusinessidentification-number-for-companies/articleshow/50963352.cms

  • Economic Times. (2016, June). States making all efforts to fare well on ease of doing business . Retrieved August 2016, from Economic Times web site: http://economictimes.indiatimes.com/news/economy/indicators/ states-making-all-efforts-to-fare-well-oneaseof-doing-business/articleshow/52892505.cms

  • Forbes India. (2016, January). Start-up India is Work-inProgress. Retrieved August 2016, from http://forbesindia.com/printcontent/41945

  • Haidar, J. I. (2012). The impact of business regulatory reforms on economic. Journal of The Japanese and, 285-307. Retrieved August 201116, from http:// www.parisschoolofeconomics.eu/docs/haidar-jamalibrahim/jjie.pdf

  • Huffington Post. (2015, January). India Wants To Be In Top 50 In Ease Of Doing Business: Modi. Retrieved August 2016, from Huffington Post Website: http:// www.huffingtonpost.in/2015/01/26/india-wants-tobein-top-50-in-ease-of-doing-business-modi/

  • Kauffman Foundation. (2015). The Importance of Young Firms for Economic Growth. Retrieved August 2016, from http://www.kauffman.org/what-we-do/ resources/entrepreneurship-policy-digest/the-importanceof-young-firms-for-economic-growth

  • Live Mint. (2016, August). Govt unveils GST roadmap, aims for 1 April 2017 roll-out. Retrieved August 2016, from Live Mint Web site: http://www.livemint.com/Politics/b6BMGY6IudaZeqwCFdl4OL/Govt-unveils-GST-roadmap-aims-for-1-April-2017rollout.html

  • LiveLaw. (2016, January). Commercial Courts Act and Arbitration Act Amendment comes into force.

  • Retrieved August 2016, from http://www.livelaw.in/ commercial-courts-act-and-arbitration-act-amendmentcomes-into-force/

  • LiveMint. (2016, May). Govt agrees to changes suggested by parliamentary panel on bankruptcy bill.

  • Retrieved August 2016, from http://www.livemint.com/Politics/uhkAdM86jC68UCulB6djvO/Govtagreesto-changes-suggested-by-parliamentarycommittee.html

  • LiveMint. (2016, May). World Bank’s ease of doing business rankings: Suspense begins for NDA. Retrieved August 2016, from http://www.livemint.com/ Politics/FZCvAzV6qL8AZyYLREKM4K/WorldBanks-ease-of-doing-business-rankings-Suspensebegin.html

  • Ministry of Commerce & Industry. (2015). Eleven government services launched on eBiz Portal. Press Information Bureau . Retrieved August 2016, from http://pib.nic.in/newsite/PrintRelease. aspx?relid=115592

  • Ministry of Skill Development and Entrepreneurship. (2015). National Skill Devlopment Mission-A Framework for Implementation. Retrieved August 2016, from http://www.skilldevelopment.gov.in/assets/ images/Mission%20booklet.pdf

  • NASSCOM. (2015). NASSCOM Startup Report 2014. Retrieved August 2016, from http://www.nasscom.

  • in/india-fastest-growing-and-3rd-largest-startupecosystemglobally-nasscom-startup-report-2014

  • PMINDIA. (2016). PMINDIA Major Initiatives. Retrieved August 2016, from PMINDIA Web site: http://www.pmindia.gov.in/en/major_initiatives/make-in-india/

  • SME Times. (2015, Decemember). SMEs’ share to India’s GDP and employment increasing. Retrieved August 2016, from SME Times: http://www.smetimes.in/smetimes/news/top-stories/2015/Dec/26/smesshareto-india-s-gdp-and-employment-increasing1633030.html

  • Soni, A. (2015, July). Everything you wanted to know about PM’s Digital India programme. YourStory.

  • Retrieved August 2016, from https://yourstory.com/2015/07/digital-india-narendra-modi/Start-up India. (2016). Action Plan. Action Plan.

  • Times of India. (2015, March). Retrieved August 2016, from Times of India website: http://www.smechamberofindia. com/MediaCoverage/SME_SECTOR_DRIVING_INDIAS_GROWTH_STORY.pdf

  • World Bank Group. (2016). Retrieved August 2016, from Doing Buisness: http://www.doingbusiness.org/data

  • Yourstory. (2016, August 1). Small businesses and domestic consumption are the future of the Indian economy – Nandan Nilekani. Retrieved August 2016, from Yourstory website: https://yourstory.com/2016/08/ indian-economy-nandan-nilekani/

  • Yourstory. (2016, January). Start Up India: As it happened. Retrieved August 2016, from Yourstory Web site: https://yourstory.com/2016/01/ start-up-india-live-coverage/


Abstract Views: 449

PDF Views: 0




  • A Review of Ease of Doing Business for New Age Entrepreneurs in India

Abstract Views: 449  |  PDF Views: 0

Authors

Neha Taneja Chawla
School of Business and Law, Navrachana University, Vadodara, Gujarat, India
Hitesh Bhatia
School of Business and Law, Navrachana Univerisity, Vadodara, Gujarat, India

Abstract


Empowering people to become the master of their own destiny is one of the most powerful tools of economic growth and development. Thus, entrepreneurs are said to be the key drivers of the economic engine. Entrepreneurs innovate and create opportunity, jobs, wealth, and prosperity for many. According to an estimate, new age entrepreneurs account for 20% of gross job creation in the United States (Kauffman Foundation, 2015). In addition to job creation, new businesses bring economic dynamism by spurring innovation and injecting competition.The conducive environment that facilitates people to start their own business provides a big spark to the economic development. The factors that contribute to the success of entrepreneurs around the world include access to the human, financial, and professional resources along with host of encouraging government policies (Babson College Website, 2016). An efficient economy should ideally provide transparent and favourable regulatory environment for the creation and growth of business enterprises.

The present paper reviews important measures and policies undertaken by the Government of India under the realm of 'Ease of Doing Business'. These policies are reviewed in the backdrop of India's performance in the Doing Business Index, 2017.


Keywords


Entrepreneurship, Doing Business Index, Ease of Doing Business.

References